IFS Sri Lanka Employees Make 20 Million US Dollar Profit for Themselves
Dear IFS Employees,
Thanks to some of you we have very accurate information of the activities of the big IFS crooks. Thanks Sweden once again for your valuable input. Please keep sending any information leading to the exposure of these IFS criminals.
As a concerned employee I wish to enlighten your good selves the crookish behavior of the management of Industrial & Financial Systems Sweden and that of Sri Lanka.
Now what's the latest catch?
Senaratne, Welikala, Issac and Sverker Lundberg set up a property development company called "Homes & Villas (Pvt) Ltd in June 2003. And hired Issac the crook of BOI fame as their Company Secretary. Welikala's home is the registered address of this Company and in August 2003 Sverker Lundberg joined as a Director.
The Share Capital of Homes & Villas rocketed sky high from a meager Rs. 15 million to an astounding Rs 500 million within a short period of time.
Now they are one of the largest growing Property Developers in Sri Lanka.
They have purchased large extents of lands in the heart of Colombo and are currently into constructing massive apartment complexes at the following locations:
1. 189, Maha Vidyalaya Mawatha, Colombo 13. The Development Project is titled "Sea Crest Apartments". And consists of three blocks of towers each consisting of 15, 32, & 48 apartments respectively, & 96 apartments in total with 12 designs & configurations consisting of 2- 4 bed rooms with a Square Feet are of 815 to 1745 Square Feet.
The construction has already commenced and the project completion date is expected to be around October 2006. And the expected sales returns are well over Rs. 600 million. You may obtain a brochure from their Site.
Prices of these apartments are ranging from 5.2 million onwards.
Bank Loans can be arranged from their Bankers. (Pan Asia Bank)
2. Vandevert Place, Dehiwala. The development
itself is named "Kingston Court Residencies" & consists of 20- 40 luxury apartments at close proximity to the railway line. Completion of construction is expected to be around September 2005. And the expected Sales Revenue is estimated around Rs. 400 million. The Prices of these apartments are ranging from Rs. 6.5 Million upwards.
3. Koggala tourist resort. Construction is yet to begin.
4. New Chetty Street, in Colombo 11. They have just purchased the property which is just 200 Ft. down Chetty Street. According
to sources construction will commence in 3 months time.
5. No. 17 A, De Vos Avenue, Bambalapitiya. They have just purchased the property. Construction is to begin in 3 months time. The price of the apartments range from Rs. 7 Million upwards.
6. They have also purchased a Large dairy project inKandy.
Do you know that Issac is a Director of yet another Company by the name of C and J Property Developers (Pvt) Limited? This Company has been incorporated on 28th January 2004 ? And the Registered Office of the Company is at 17A, De Vos Avenue Colombo 4.
The Primary objects of this Company are to construct houses, apartments and /or villas for sale, rent or lease & to construct commercial and shopping
complexes and buildings for sale, rent or lease with the prior approval of the Board of investment of Sri Lanka.
The current market prices of both property and the planned constructions when completed are estimated to be worth around Rs. 7000 million. (US $ 70 million)
So how did these crooks grow from rags to riches so fast & beyond the skies?
Thanks to Hallen and IFS.
Do you know that Senaratne, Lundburg, Welikala, Bridgewater and Issac the devils team is much more powerful than Nilsson the crook and Hallen put together?
Senaratne is reported to have said in several gatherings that Bengt Nilsson and Sverker Lundburg are jointly working on several deals with him. What can they be?
Do you know that when IFS shareholders get to know the management and the operations of IFS Sri Lanka, definitely they won't be pleased?
So what can you do? Even if IFS fire the main evil crooks; Senaratne, Welikala, Lundburg, Bridgewater, Nilsson and Issac they cannot recover any of the money siphoned out upto date. But they can stop the money leakages with immediate effect & hopefully rest in peace with a far better image in Sri Lanka.
Do you know that there is a 2nd rung team of crooks also exploiting IFS Sri Lanka? We will talk about them later.
But why was this not exposed upto now. ? Because Lundburg, Nilsson and the Auditors gave all the protection to Senaratne and the other Sri Lankan
Do you know that Johann Senaratne and Lakshman Welikala set up a company by the name of "Software Solution Providers Pvt Ltd" in August 2002 in order to carry out software Development work for their own gain & glory?
Do you know that the registered office of this company is Welikala's own residence at No 7, Kirimandala Mawatha, Colombo 5 ?
Do you know who the shareholders of that company are? They are none other than Lakshman Welikala and Rajiv Welikala, Sajith Peris, Johann Senaratne, Priyantha Fernando, Kolitha de Silva and a company by the name of Creative Solutions. Issac the crook of BOI fame is once again holding the prestigious title "Company Secretary".
Do you know that work for this Company came from Sweden from none other than Johann Senaratne's, Jonas Bridgewater's, Bengt Nilsson's and Sverker Lundburg's contacts at IFS and the work itself was carried out by the poor IFS employees using IFS facilities in the very own IFS building and the revenue was shared by the above listed and unlisted shareholders? What a clean profit with all expenses paid by IFS?
Before the above company was set up the Senaratne/Welikala pair got Sajith Peris and Jonas Bridgewater involved in another scam and set up "Creative Solutions Limited" in March 2002, once again to develop software. And again using Issac the crook of BOI fame to be the Company Secretary.
For this company they had the following team of shareholders including their own family : Bridgewater, Sajith Peris, Senaratne, Louisa Platt, Dilini de
Silva, Nimal Silva and Dinesh de Silva. These people are all Johann's personal contacts. The share capital of this Company stood at Rs 500 million and the registered address is No. 19, Col T.G Jayah Mawata, Colombo 3.
So what was this company doing? Once again the same work as IFS using IFS labour, facilities and the IFS premises. Originally the activities of these companies were known and approved by Bengt Nilsson, but since of late all activities carried out are totally for Senaratne's benefit.
You may check Hong Kong Bank Account No. 004107389001 for the crooked activities of Creative Solutions. They do private software jobs and IFS is charged for it.
So who paid all the costs? Your guess is absolutely right. It was the IFS shareholders. This new & not so small Company shared all the benefits. Not as easily as that, the big guns, Senaratne and Welikala and Lundburg got the major share of the profits as the major crooks and the small time crook Bridgewater and others were left with a piece of scrap.
Do you know the reason behind Senaratne's argument to rob IFS? He says he got rid of IFS'S partner in Sri Lanka because with them around he didn't have a free hand to run IFS the way he wanted. Then he got his position and authority cleared by Nilsson the big time crook. And finally Senaratne was adjudged the one and only crookish Dictator at IFS Sri Lanka.
After establishing his position, he brought all his crookish friends to partner his team so that they in return could run and benefit from the the IFS business.
He brought Issac the crook who was fired by BOI for bribery and corruption as IFS's Company Secretary so that he has superior authority & better equipped to approve their corrupt deals. So that, in this way he could take the law into his hands till death do them part!
Johann brought brought his life time partner in crime from good olden days at Celltel, Lakshman Welikala to be his deputy and hatchet man to run IFS during Johann's absence from the country.
He kept Bridgewater the small time crook to aid & abet him & to cover up his actions from IFS's Swedish management and to look after the technical aspects of the business. In return as a reward for that he approved all his false expense claims of Bridgewater. He also sent his messenger, Bridgewater to attend to his family events in Sweden and covered up for him stating that he was on official business like the golden saying " you scratch my back and I'll scratch your!s".
So who was paying for all this? It was the same poor shareholders of IFS in Sweden.
Senaratne's argument always was that he saved millions of dollars for IFS Sweden from the commencement of operations in Sri Lanka. So what harm if he gets the benefit all to himself now that his hands are not so tied?
He claims that he should be awarded for getting rid of IFS's partner from inception. That itself is a massive saving of Millions of US $'s per year as dividend payments alone.
He was also pioneer in setting up a false accounting policy and got the incompetent auditors to approve and bless the system manyfold.
It was his brainchild to defraud the Sri Lankan Inland Revenue to the tune of US Dollar 12 million with the aid of the auditors. And to continue to do so.
So his argument is that he and his team of experienced crooks have robbed IFS Sweden to the tune of at least US Dollars 20 million and according to his thinking that he is justified in doing so.
Here comes the Juiciest part.
Don't you think that Senaratne cannot do what he is doing right now without a higher authority in the Financial and Accounting circles of IFS Sweden?
We have now been very clever in digging into the criminal link of IFS Sweden. Senaratne's link in IFS Sweden is none other than Sverker Lundberg, & Nilsson, the big crook's financial controller. He was also reputed to be a very big fraudster in Sweden.
The jist of these sad episodes are that when the management at the very top are robbing their own company, one cannot put a halt to the subordinates robbing the rest of the remains but to them "sky is the limit".
Now you can see why Johann Senaratne is very arrogant and bossy and calls Hallen a " piece of shit " who shits in his pants at the very sight of Senaratne !
Can you name one person Johann Senaratne associates closely, who is not a crook or criminal?
Adieu! For now.
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